Natural Gas Production
As a result, the decrease in natural gas production still has not occurred. Yes the production is off the highs, but any measure of trends, the recent declines are well within the long-term upward trend lines. You can quibble with the exact drawing of the lines, but it is clear the natgas production has not fallen below the long-term upward trend lines.
As a result, the people who argue natgas production is headed down are not right----yet. Clearly production is not heading up as it was late last year. But a slowdown in an upward trend is not a decrease in production.
No comments:
Post a Comment